8 Manchester Producers Ltd. had a staff of 2,000 at the beginning of 2008 and, owing to a series of redundancies caused by recession, 1,000 at the end of the year. Voluntary redundancy was taken by 1,500 staff at the end of June 2008. This was 500 more than the company had anticipated, and these excess redundancies were replaced a week later by new workers. Calculate the labour turnover rate.

8 Manchester Producers Ltd. had a staff of 2,000 at the beginning of 2008 and, owing to a series of redundancies caused by recession, 1,000 at the end of the year. Voluntary redundancy was taken by 1,500 staff at the end of June 2008. This was 500 more than the company had anticipated, and these excess redundancies were replaced a week later by new workers. Calculate the labour turnover rate.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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